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DAILY ANALYSIS REPORT MAY 24 2021

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Time Frame

H1

Commentary : The Aussie exhibits range bound movement on Monday and consolidates around $0.7722 mark. The pair made intraday high at $0.7736 and low at $0.7713 mark. A day chart suggests bullish trend while H1 chart confirms down trend for the time being. A sustained close above $0.7740 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7720 will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R10.7740S10.7720
R20.7772S20.7690
R30.7790S30.7662
R40.7837S40.7640
BUYSELL
Trade IdeaTrade Idea
Buy Above : 0.7740Sell Below : 0.7715
– Take Profit : 0.7772– Take Profit : 0.7690
– Stop Loss : 0.7720– Stop Loss : 0.7737

Commentary : The euro remains almost unchanged against U.S. dollar and moves in stiff boundaries. Today pair made intraday high at $1.2187 and low at $1.2171. Today triple EMA on a day chart is up while H1 chart suggests bearish trend for the time being. A consistent close above $1.2198 on H1 chart requires for the upside rally. Alternatively, a sustained close below $1.2170 on H1 chart will check further supports. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                               PIVOT                                    –
R11.2198S11.2170
R21.2240S21.2138
R31.2287S31.2101
R41.2315S41.2080
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2198 Sell Below : 1.2158
– Take Profit : 1.2242  – Take Profit : 1.2133
– Stop Loss : 1.2162  – Stop Loss : 1.2191

Commentary : The Sterling trades marginally higher against U.S. dollar and hovers around $1.4150 mark. The pair made intraday high at $1.4157 and low at $1.4136 mark. A day chart as well as H1 chart with triple EMA confirm bullish trend for the time being. A sustained close above $1.4170 on H1 chart will check key resistances. Alternatively, a consistent close below $1.4140 will drag the parity down below $1.4100 mark.
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                  PIVOT                                     –
R11.4170S11.4140
R21.4188S21.4112
R31.4211S31.4082
R41.4254S41.4040
BUYSELL
  
Buy Above : .1.4172Sell Below : 1.4132
– Take Profit : 1.4202  – Take Profit : 1.4100
– Stop Loss : 1.4137  – Stop Loss : 1.4163

Commentary : The Canadian dollar rises gradually against U.S. dollar and remains well supported below 1.21 mark. Today pair made intraday high at 1.2077 and low at 1.2054 mark. Today a day chart as well as H1 chart with Triple EMA confirm bearish trend for the time being. A sustained close above 1.2090 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2057 on H1 chart will check key supports too. 
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                    –
R11.2090S11.2048
R21.2140S21.2026
R31.2172S31.2002
R41.2198S41.1978
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1.2082Sell Below : 1.2050
– Take Profit : 1.2111  – Take Profit : 1.2022
– Stop Loss : 1.2058  – Stop Loss : 1.2076

Commentary : The Japanese yen starts a new week on a flat note and stabilizes below 109.00 mark. The pair made intraday high at 108.99 and low at 108.82 mark. The triple EMA on a day chart is up but H1 chart suggests bearish trend for the time being. A sustained close above 108.99 on H1 chart requires for the upside rally. Alternatively, a consistent close below 108.75 on H1 will check further key supports.
IndicatorsH1
TrendsDown Trend
Moving Average (Period=75)Below MA
RSI (Period=26)Below RSI LEVEL 50
FIBO Levels                                 PIVOT                                     –
R1108.99S1108.58
R2109.30S2108.40
R3109.55S3108.15
R4109.76S4107.87
BUYSELL
Trade IdeaTrade Idea
Buy Above : 109.00Sell Below : 108.71
– Take Profit : 109.22  – Take Profit : 108.49
– Stop Loss : 108.82  – Stop Loss : 108.91

Commentary : Gold starts a new week on a positive note but important to note here that U.S. calendar is empty for the day. Today pair made intraday high at $1,887 and low $1,879 mark. A day chart and H1 chart is confirming up trend for the time being. A sustained close above $1,889 on H1 chart requires for the upside rally. Alternatively, a consistent close below $1,878 will check further supports. 
IndicatorsH1
TrendsUp Trend
Moving Average (Period=75)Above MA
RSI (Period=26)Above RSI LEVEL 50
FIBO Levels                                   PIVOT                                     –
R11890S11878
R21897S21872
R31904S31867
R41911S41862
BUYSELL
Trade IdeaTrade Idea
Buy Above : 1889Sell Below : 1878
– Take Profit : 1896  – Take Profit : 1872
– Stop Loss : 1882  – Stop Loss : 1886

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Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc. This site is run and operated by - TP Global Services Limited registered by St. Vincent and the Grenadines with Number 25274 BC 2019. Registered office: Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines

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